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It's Still Not Late To Invest In Ethereum Blockchain Technology

It's Still Not Late To Invest In Ethereum Blockchain Technology

It's still not late to invest in Ethereum Blockchain Technology Well, of course this is not the first time it has crossed the $400 mark against USD but this may be significant as this time it reached after "price correction". Back in June 2017, so many ICOs were planned on Ethereum blockchain and it suddenly became so popular that Ether's trading price crossed mark of $400 USD but, soon the price undergone correction. ICOs are boon as well as curse for the Ethereum Blockchain. Ponzi projects, hacking and regulation on ICOs had shaken the trust of many investors in Ethereum, specially those who were not aware of the real value of tech. Price per Ether rolled down and stayed at around $300 USD for a very long time. At one point of time it started giving competition to Tether (primarily known for having constant value equal to USD 1 per Tether) and is used to park money temporarily. Though, it may not be a fair to name Ether and Tether together after the recent news of Tether hack creating untrust with user. A lot happened since then in cryptocurrency space. SEC's announcement - " DAO Tokens are Securities ", Parity Wallet hack - funds saved by WHG, Bitcoin HF - Birth of Bitcoin Cash (BCH) , China's ban on ICO , Bitcoin Gold, Ethereum Metropolis - Byzantium HF , Bitcoin Segwit 2X suspension , Bitcoin reached all time high and many more. Many big name that once were critic joined the movement. Digital currency received support by government of many countries like Russia , Japan, Ukraine . It has been full of excitement. Devcon 3 , organized in Cancun, Mexico; helped build investor's trust back on Ethereum. World came to know about many more new Dapps on Ethereum blockchain and the power of tech. It is difficult to be sure of the actual reason for the price hike but in my o Continue reading >>

Metropolis - Ethereum

Metropolis - Ethereum

Metropolis is a hard fork. It is possible ETH will split, but it is not expected that a meaningful split will happen. Reasons a split probably won't happen1. The Metropolis hard fork has been part of the Ethereum road map since the beginning2. Mining on Ethereum is more decentralized than Bitcoin 3. ETC already fits the ideologies of anyone who dislikes Metropolis, they can simply switch to ETC instead of splitting ETH again Will ETH holders get Metropolis coins if it ever split? Yes. You're free to try and spend on the old chain, but it's a fork that everyone wants. I have never heard of an eth holder who isn't looking forward to metropolis, so nobody is going to support the old chain. Yeah of course I'm open to changeHow will this affect the current price on ETHAnd is the distribution a 1:1 ratio? The metro chain will include all previous blocks before the "trigger". So 1:1. After the "trigger" the subsequent blocks (and chain length) will be different. But nothing will be "distributed". There will be two chains and you can use both, if you want. But it's going to be very difficult to continue using the homestead chain. The entirety of the ETH community has been enthusiastically waiting for metropolis, and it adds some amazing upgrades. I'd say that the second rumors start to fly that metropolis is ready, the price will reflect the enthusiasm. It's not about being open to change. It's the Ethereum project upgrading/advancing/evolving, it's part of the initial plan. Well where does that put ETH at that's my question? Why would they create metro and fork it A hard-fork is required to make this type of upgrade. Technically your ETH will be on both chains, but no one will recognize or support the old chain. For you specifically, your ETH will be where it's supposed to be Continue reading >>

Op Ed: Why Ethereums Hard Fork Will Cause Problems In The Coming Year

Op Ed: Why Ethereums Hard Fork Will Cause Problems In The Coming Year

Op Ed: Why Ethereums Hard Fork Will Cause Problems in the Coming Year After the embarrassing failure of the DAO in 2016, the Ethereum Foundation moved quickly to address the problem by implementing a hard fork. On July 20, 2016, the new code went into effect, reversing transactions that allowed a hacker to bleed $50 million out of the $150 million venture fund in the wee hours of June 17. That DAO hard fork was not popular, but it was effective. The majority of miners moved over to the new chain, and the DAO funds went into a new smart contract, so the original investors could safely withdraw their funds. To be clear, the Ethereum network itself was not hacked, just the DAO smart contract. The hacker took advantage of a loophole in the contract code, written in the JavaScript-like language Solidity. But while the hard fork was an expedient solution to a pressing problem, how the decision-making was handled has long-term consequences for Ethereum. When the hacker drained the account, she/he put the funds in a child DAO. To extend the mandatory hold on those funds before the hacker could cash out, on June 24, the Ethereum Foundation incented miners to soft fork by releasing Geth version 1.4.8, code-named DAO Wars. However, the soft fork was abandoned because of the risk of a denial-of-service attack . The Foundation then began work on a hard fork to reverse the DOA transactions. Unlike a soft fork, a hard fork is a radical change in the protocol that all stakeholders in a blockchain need to agree upon to implement. Not everyone agreed with reversing the DAO funds. Many vehemently opposed it. Yet, as events unfolded, it became clear that Ethereum had no structure in place for settling these differences no official forum for discussing the events, and no official voting me Continue reading >>

Ethereum Metropolis : Monero

Ethereum Metropolis : Monero

Monero can't be hacked to steal your funds, due to the power of distributed consensus. This means that you are responsible for your own money, and don't have to trust any entity to keep it safe for you. The power of the blockchain usually increases security at the cost of privacy, but with Monero's sophisticated privacy-centric technology, you get all of the security benefits of the blockchain without any of the privacy trade-offs. By taking advantage of ring signatures, Monero makes it ambiguous which funds have been spent, and thus extremely unlikely that a transaction could be linked to any particular user. Because of its on-by-default privacy technologies, Monero is fungible, which means that one Monero will always be equal to another. This ensures that there will be no discrimination over the origin or history of your coins, lessening the worry of potential blacklisting by exchanges or vendors. Breaking the guidelines may result in a deleted post and possible ban. Follow redditquette and the rules of reddit. Continue reading >>

Ethereum Hard Fork. Whats Going Tohappen?

Ethereum Hard Fork. Whats Going Tohappen?

Developing Blockchain & Smart Contracts PoC and MVP for ICO startups and established companies Ethereum Hard Fork. Whats Going ToHappen? Recently I have received many questions about the Ethereum hard fork: what will happen with all the ERC20 tokens, which basically are smart contracts deployed to Ethereum. Therefore, I decided to perform a quick research and cover this topic as we are getting closer to Metropolis update, everyone should be informed and understand what will happen. Blockchain miners run the software to maintain the network, confirm transactions and earn mining fees. The software is being maintained and developed by the Network core developers and community. The main incentive for miners is profit, however, developers are seeking fast and effective network. This incentive mismatch is hard to align. Miners select which software to run. Therefore, we have issues when developers propose solutions which reduce mining profits and part of the miners disagree with changes. At a certain time, we have a fork, where half of the miners run one piece of software and other half operate with another software. This leads us to having two separate chains from a certain block and this results in having a chain split. Source: The bitcoin has experienced a hard fork and a chain split lately. That lead to Bitcoin and Bitcoin Cash. The chain split occurred because the miners have been divided into two parts and one side did not want to use the new proposed software. The result is that both networks are being maintained by miners. From a bitcoin owner perspective, your coins are available on both chains and you can start interacting with both networks. The Bitcoin chain split resulted in having the new cryptocurrency with a third size market cap. Due to high load on the netw Continue reading >>

Ethereum Core Dev Meeting Of Today. Metropolis Network Release 9th Of October! : Ethtrader

Ethereum Core Dev Meeting Of Today. Metropolis Network Release 9th Of October! : Ethtrader

Welcome to /r/EthTrader | Foundation Tip Jar | Rules | Policy | Mod Logs | Vote Tracking | News Timeline | Education | Comments RECDAO is a meta-community that seeks to provide Ethereum-based tools for improving how we use Reddit. Pre-register and then register your Reddit username on the Ethereum blockchain, vote in the dao, and be awarded community tokens based on your karma in community subs. Please see the FAQ for more details. TECHNICAL ANALYSIS FUNDAMENTAL ANALYSIS DISCUSSIONS DAPP DISCUSSIONS NEWS DAPP NEWS SCAMS WARNINGS TOKEN WARNINGS SECURITY RELEASE DAPP RELEASE EXCHANGES ADOPTION DAPP ADOPTION SENTIMENT STRATEGY METRICS MINING EDUCATIONAL MEDIA LEGACY DAPP ERC20 TOKEN AUGUR ALTETH ALTCOINS COMEDY SUPPORT TOOL You can correct inaccurate link-flair assignments by typing "[AutoMod]" along with the flair name in a top-level comment, e.g. [AutoMod] DAPP-NEWS. All flair names are capitalized, e.g. use [AutoMod] EXCHANGE instead of [AutoMod] Exchange. Two word flairs require a hyphen in between them. Requires 100 comment karma and 1-month account age. If this feature doesn't work, please message the modmail . Continue reading >>

First Iteration Of Ethereum Metropolis Hard Fork To Appear Monday

First Iteration Of Ethereum Metropolis Hard Fork To Appear Monday

First Iteration of Ethereum Metropolis Hard Fork to Appear Monday Ethereum devs are ready to roll out the Metropolis hard fork proposal by next week. The Ethereum Foundation and other developers in the open source development community of Ethereum are ready to roll out the first iteration the Metropolis hard fork proposal by next week. According to Jordan Daniell of ETHNews, the Metropolis hard fork is set to be executed in two separate phases. The first iteration of the Metropolis hard fork is called the Byzantine hard fork, a solution that is expected to minimize the actions of bad actors within the Ethereum ecosystem. The Byzantine hard fork will be integrated into Ethereums testnet on block number 1,700,000, which could be as early as Sept. 18. In previous interviews with Cointelegraph, Ethereum co-founder Vitalik Buterin emphasized the necessity of a network improvement and the execution of a hard fork in order to provide a more efficient, secure and robust infrastructure for decentralized applications (dapps) and developers. Over the past 12 months, an increasing number of multi-billion dollar financial institutions, Fortune 500 conglomerates and dapp developers have entered the Ethereum ecosystem through various consortia such as the Enterprise Ethereum Alliance. Companies like JPMorgan, Microsoft, Intel and BBVA are actively developing applications on top of the Ethereum protocol to automate their operations and develop new infrastructures based on the immutable Blockchain network of Ethereum. For the Ethereum network to support all of the incoming large-scale dapps in the near future, especially many dapps that are set to be commercialized and implemented to larger platforms, developers will require a more robust protocol to work with. The applications are the Continue reading >>

About The Metropolis/byzantium Hard-fork : Ethtrader

About The Metropolis/byzantium Hard-fork : Ethtrader

Metropolis is an upcoming upgrade of the Ethereum network. If you haven't already done so, I recommend reading this explanation of the upgrade. Because the changes are not backward compatible the way the network must upgrade itself is via a planned hard fork. In a non-contentious planned hard fork (like Metropolis/Byzantium is expected to be), everyone simply switches to the new software. All the data ("state") from the old network is used on the new network and the old network simply dies. In such cases there is no duplicate or "split" of the network, nor any split of tokens or data on that network. Exchanges, and hosted services like MEW will upgrade their own software in preparation. If you run a node yourself, like Parity or Geth, you would need to upgrade your own software. Deployment of the upgrade on the Ropsten test network (a few days away) is a precursor to upgrading the main network (likely to happen after a few weeks of stability on Ropsten). Over time, software generally stabilises as bugs are discovered and fixed. Software upgrades can have a destabilising affect because new bugs may be introduced. There is always some additional risk associated with software upgrades. The overwhelming greater risk, though, would be to not upgrade, as this would mean stagnation and the failure to achieve what was envisioned. The network is in the hands of amazing dev teams and a fantastic community. Continue reading >>

Ethereum: Dawn Of Metropolis Era & Flowering Of Enteprise

Ethereum: Dawn Of Metropolis Era & Flowering Of Enteprise

Ethereum: Dawn of Metropolis Era & Flowering of Enteprise Posted by Michael Veloff | Dec 30, 2017 | Altcoins , Info/comparison | This is the weekly altcoin corner article where we explore another project in the greater cryptocurrency ecosystem From its beginning, the ambitious path Ethereum embarked upon during it Proof of Work Frontier & Homestead phases was designed to transition to a proof-of-stake protocol which was introduced this past November in the Byzantium hard fork. In order to fulfill its promise as a World Computer, the developers understood that Proof of Work model would eventually carry far too much overhead for the blockchain to handle the needs of all the platforms that would be uing Ethereum to perform its primary task, provide the basic fuel driving these smart contracts. The DAO hack and subesequent hard fork that split the blockchain into Ethereum and Ethereum Classic caused a significant setback in delivering a proof-of-stake protocol for the main Ethereum blockchain. The blockchain history for Ethereum was rewritten during the hard fork, not only delaying the Metropolis phase, but also making the Ethereum blockchain much larger than had been originally intended. There was also a second hard fork in late 2016 that saw Ethereum once again have to rewrite the blockchain history to address a DDoS that ground the network to almost a complete halt. The Metropolis phase of Ethereums development was set back at least six months by these two hard forks and the resulting blockchain bloat has caused significant traffic issues because of the burden it placed on node operators in keeping the blockchain synced to perform its intended function, the backbone for what is essentially a decentralized internet using its own interent protocol and decentralized domain Continue reading >>

Promoting A Free, Decentralized And Open Future

Promoting A Free, Decentralized And Open Future

The Ethereum network will be undergoing a planned hard fork atblock number 4.37mil (4,370,000), which will likely occur between 12:00 UTC and 13:00 UTC onMonday, October 16, 2017. The Ropsten test network underwent a hard fork on September 19th (UTC) at block number 1.7mil (1,700,000). A countdown timer can be seen atAs a user, [] Continue reading >>

What Is Ethereum Metropolis: The Ultimate Guide

What Is Ethereum Metropolis: The Ultimate Guide

What is Ethereum Metropolis: The Ultimate Guide Angel Investors, Startups & Blockchain developers... Metropolis is upon us! Or at least its the first iteration. After a lot of deliberations and updates, the time has finally arrived for the next big jump. There is a lot of buzz going on right now and for good reason. The last time Ethereum did a network shift i.e. from Frontier to Homestead, the price jumped more than 100% from $12 to $30. What are the features that metropolis is going to bring into Ethereum? Since Ethereum needs to do a hard-fork to get into Metropolis, will it create another new coin? Will we have 3 Ethereum coins (along with ETC and ETH)? What is Ethereum Metropolis? The 4 Stages of Ethereum. This, not the first time Ethereum has upgraded of course and it wont be the last time. Ethereum was not designed to be just a mode of currency. It was designed to be a platform for decentralized applications. However, before it can do so, it needs to go through various stages of growth. With each stage, Ethereum levels up by incorporating more and more properties making its system more robust and seamless. The complete launch process of Ethereum was divided into 4 stages. This was done to make sure that various phases got their own developmental time and that every stage was developed as efficiently and optimally as possible. Frontier: This was what everyone got when Ethereum was first launched. Homestead: The stage that we are on as of writing. Metropolis is the 3rd stage in the 4-stage process and there are a lot of interesting features that are coming as and when it gets implemented. Here are some of the main ones which are going to have plenty of repercussions. Lets go through each and every one of them one-by-one. One of the biggest and most important featu Continue reading >>

Ethereum Metropolis Byzantium & What It Means For Ethereum Miners Ethereum Ice? 0

Ethereum Metropolis Byzantium & What It Means For Ethereum Miners Ethereum Ice? 0

Weve got an update on the upcoming Ethereum fork via a reddit post today. Basically, rewards per block are going down from 5 ETH to 3 ETH but will boost profits by delaying the difficulty bomb. Also it looks like a group of Chinese investors and miners may be looking to create their own coin during this fork Ethereum Ice? With the delay of the difficulty bomb and issuance reduced to 3 we will get 3 ETH every 14.1s or 12.75 ETH per min, an increase of approximately 4% from what we earn today I wanted to give you all an update out of the Ethereum Core Developer call today and a potentially pivotal change which looks likely to happen. Agenda: As many of you are aware, Metropolis Byzantium is almost complete and it contains some core changes that will impact Miners. Many of these points have been discussed here before but I will re-cap for newer members or for people who are unfamiliar or unsure. Metropolis Byzantium will delay the Difficulty Bomb by approximately 18 months This delay will reduce block times back to just above 14s down from the 24.5s we see now Along with the reduced block times, the number of ETH issued per block will drop from 5 to 3 A lot of discussion was had over the last month or so around the Issuance Reduction, some members of the mining community, myself included, challenged the Ethereum Dev Team around why it was happening and trying to champion that it should not. We were unfortunately not successful in this effort so the reduction will go ahead as normal. While we would love the Issuance to stay at 5, with it moving to 3, what does that mean for miners? Today, we are getting 5 ETH every 24.5s, or approximately 12.25 ETH per minute With the delay of the difficulty bomb and issuance reduced to 3 we will get 3 ETH every 14.1s or 12.75 ETH per min, Continue reading >>

Vitalik Buterin On Ether Price Affecting The Metropolis Update

Vitalik Buterin On Ether Price Affecting The Metropolis Update

Vitalik Buterin On Ether Price Affecting The Metropolis Update Vitalik Buterin, during a core developers conference call, spoke about how the increasing price of Ether is affecting the Metropolis release date. During the latest Ethereum core developers call on March 17, Vitalik Buterin mentioned that the recent Ether price increase has affected Ethereums impending Ice Age. The Ethereum Ice Age refers to the exponential slowing of the network as the difficulty bomb begins to make mining harder. This is all about the eventual switch to a Proof-of-Stake consensus algorithm, slated to slowly roll out until the Metropolis release intentionally (beneficially) hard forks the network away from mining. Whats interesting is how an increase in mining power pushes the Ice Age further back. Vitalik ran calculations based on the blockchains current statistics during the meeting. He concluded that by the end of June, the block time is only going to be around 19.5 seconds; by the end of August its only going to be about 28.5 seconds. Those are lower than previous estimates, which saw block times reaching over 32 seconds by the end of August. While only a difference of a few seconds, the deviation is significant and was brought about by the recent run-up in the price of Ether. Buterin is heard saying during the call that in general, the difficulty of a blockchain is a kind of very lagging, moving average of the price. Because of the math behind the difficulty bomb, as the networks mining power increases, the time when the difficulty bombs effects become apparent is pushed back. As the price of Ether climbs, more miners join the network, since their effort reaps that much more reward. To compensate for the increased hashrate across the network, mining difficulty adjusts upwards, increas Continue reading >>

First Step To Metropolis: Byzantium Testnet

First Step To Metropolis: Byzantium Testnet

First step to Metropolis: Byzantium testnet The date of a launchfor the Byzantiumtestnet, the next critical step toward Metropolis, has been announced Byzantium is the first of the two phases in the Metropolisupdate, which is to be followed by Constantinople later. The date of a launchfor the Byzantiumtestnet, the next critical step towards Metropolis,a major upgrade for Ethereum, has been announced. Thus, the testnet will be deployed on September 18th. According to the information provided by coindesk.com, the actual network upgrade release is to be launched in October, depending on the length of the testing period and any issues that may arise during that time. If things go wrong....they will go wrong fast. Vitalik Buterin, the creator of Ethereum, argues thathe anticipates the Byzantium test phase will last between three and four weeks. According to Bitfinex, El Petro not only has limited use, but could have been created to circumvent sanctions against the Venezuelan government One of the largest bitcoin-exchanges, Bitfinex, issued a statement that El Petro listing is not planned. According to the report, El Petro (PTR) not only has limited use, but could be created to circumvent sanctions against the Venezuelan government. The exchange also reminds that on March 19, the US banned any transactions with digital currencies, digital coins and digital tokens issued directly by the government of Venezuela or on its behalf. This prohibition includes PTR, but may also apply to other tokens that may appear in the future. We have never had plans to include the PTR or similar tokens in the Bitfinex trading platform. In light of the U.S. sanctions and the other clear sanctions risks of dealing in these products, Bitfinex will not list or transact the PTR or other similar digit Continue reading >>

Ethereum (@ethereumproject) | Twitter

Ethereum (@ethereumproject) | Twitter

This timeline is where youll spend most of your time, getting instant updates about what matters to you. Hover over the profile pic and click the Following button to unfollow any account. When you see a Tweet you love, tap the heart it lets the person who wrote it know you shared the love. The fastest way to share someone elses Tweet with your followers is with a Retweet. Tap the icon to send it instantly. Add your thoughts about any Tweet with a Reply. Find a topic youre passionate about, and jump right in. Get instant insight into what people are talking about now. Follow more accounts to get instant updates about topics you care about. See the latest conversations about any topic instantly. Continue reading >>

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